Solar-Fabrik AG

euro adhoc: Solar-Fabrik AG
Financial Figures/Balance Sheet
Solar-Fabrik AG heads for record

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Solar-Fabrik AG (ISIN: DE0006614712) finished the first nine months of 2006 with an after-tax profit of EUR 2,932 thousand. This is equivalent to an improvement of EUR 4,377 thousand compared to the first nine months of 2005. Net earnings per share amount to EUR 0.36 (September 30, 2005: EUR -0.18). As of September 30, 2006, earnings before interest and tax (EBIT) improved by approximately EUR 3,730 thousand to EUR 3,036 thousand compared to the first nine months of 2005. As of September 30 ,2006, group sales increased by 54 % to EUR 49,816 thousand compared to the prior year interim period. Solar-Fabrik is expecting to achieve an all-time record result for the whole business year 2006. We confirm our previously released forecast with an EBIT of significantly more than EUR 4,000 thousand for the whole business year 2006.

The financial figures of the 3rd Quarter Report show that the initiated change in the group strategy has influenced the profit situation of Solar-Fabrik directly and measurable. The entire effect of the group- and value chain extension is expected to be seen in 2007. Recently Solar-Fabrik issued 800,000 new no-par-value ordinary bearer shares (no-par shares). The net issuance proceeds are about EUR 7 million. They will be used for additional acquisitions investments and a further increase in capacity and shall enable a rapid rise in turnover, as well as an above average increase in income.

The EBIT margin of 5% will be significantly exceeded already in 2006. Solar-Fabrik has a sales target for 2007 of EUR 130 million and EBIT margin-target of at least 10% for 2007. The improved margin can be reliably forecasted due to the successful extension of the value chain. The initial focus in the module production together with the new competencies in wafer and solar-cells complete the entire value-chain. At the same time, group overhead costs are expected to remain at the same level. The changed strategy of Solar-Fabrik from an initial solar panel manufacturer to an international, fully integrated solar group has started in 2005 and has been accomplished within one year. The entire effects of the initiated changes, however, will completely be visible in 2007.

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ots Originaltext: Solar-Fabrik AG
Im Internet recherchierbar:

Further inquiry note:
Martin Schlenk
Tel. +49(0)761 4000 207

Branche: Alternative energy
ISIN:      DE0006614712
WKN:        661471
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade

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